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Risk management

chapter 34 Marketing essentials

AB
Insurance covers accidentse company - accidentcasualty
insurance covers dishonestfidelity
Amount paid for insurancepremiums
Basic way to transfer riskbuy insurance
type risk - tornadonatural risk
type of risk - Joe Paluccihuman risk
type risk in a recessioneconomic risk
example of risk preventionhiring security guards
FIVE PARTS PRODUCT LIFE CYCLEINTRODUCTION,GROWTH, MATURITY, DECLINE, OBSOLESCENCE
stacking boxes in isles causesaccidents
Risk cannot be insuredspeculative risk
Type of risk can be insuredpure risk
LIABILITY INSURANCE COVERSPERSONAL INJURY AND PROPERTY DAMAGE
Mrs. Sinclair-type of insuranceliability insurance
blockers obstruct cashier'svision
can walk with items between their legswalkers
Embezzlers steal money from theirjobs/businesses
Lift heavy stuff with yourlegs
Percent businesses fail due to dishonesty30%
Government safety agencyOSHA


Mr. McClay

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